804 3rd St Renton, WA 98057
- Turn key restaurants
- 3,600 SF
- 0.09 lot acres
Nov 20, 2024
Current Use by Public Records
- Turn key restaurants
Property Details for 804 3rd St
- Year built
- 1927
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 3,600 SF
- Zone code
- CD
- Property type
- Turn key restaurants
- APN
- 723150-1875
- APU
- 7231501875
Description
This exceptional 3,600 square-foot retail property, located at 804 S 3rd St in Renton, WA 98057, presents a unique investment opportunity. Built in 1927, this historic building boasts a prime location on the highly desirable 3rd Street retail corridor, known for its high traffic counts and pedestrian activity. The property is zoned CD and sits on a 4,040 square-foot lot. The interior is divided into two distinct areas: a fully equipped restaurant space with a kitchen, and a separate bar and billiards area. The restaurant features a café-style setup with tables and booths, a full kitchen including a walk-in freezer, and a dedicated bar area complete with a billiards table and televisions. The current tenant, Rubattino's, one of Renton's oldest restaurants (founded in 1920), can vacate upon closing, making this an ideal owner-user opportunity. There is also a separate agreement available for the purchase of the existing business. The asking price for the property is $895,000, translating to $248.61 per square foot. This is a rare chance to acquire a well-established, fully built-out restaurant and bar in a vibrant downtown Renton location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $870,000
- ML approach
- $870,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,164,000
Market price range: $882k - $3.29M
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Location Insight
- Map
- Local Demand
- City
- Renton
- County
- King
- State
- Washington
- Longitude
- -122.206
- Latitude
- 47.4799
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA